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SALIENT SUKANYA SAMRIDDHI YOJANA SCHEME 2019

FEATURES HIGHLIGHTS OF THE SCHEME
1 Objective To promote the welfare of Girl Child.
2 Eligibility Account can be opened in the name of a resident girl child
up to the age of 10 years. A resident natural / legal
guardian can open an account on behalf of a girl child.
Maximum 2 Girl Children per family (more than 2 in the
case of twin/triplets birth)*
3 Deposit Minimum initial subscription Rs. 250/-
Maximum Rs. 1, 50,000/- in a Financial Year in multiple of Rs
50/-.
4 Rate of Govt. of India announces Rate of Interest for every Quarter
Interest of the Financial Year. Interest will be calculated and
payable quarterly and attract TDS as per IT rules.
5 Tenure of the • Tenure of the Deposit is 21 years from the date of
Deposit opening of the account.

• Maximum period up to which deposits can be made is

15 years from the date of opening of the account.
6 Withdrawals Withdrawals permitted only after completion of 21 years
from the date of opening the account.
Exception: For higher Education 50% of balance at the
end of the previous financial year can be withdrawn. For
marriage of adult account holder, 100% withdrawals
permitted.*
7 Tax Benefit Subscription to SSY qualifies for Tax benefits under 80C of
IT Act. Interest credited to SSY is exempt from Income
Tax. Maturity Proceeds exempt from tax.
(If opted for the Old Regime)
8 Mode of
Cash/Cheque /Demand Draft/Online via Net Banking.
Payment

9 Website For latest instructions /modifications in the scheme, visit

www.nsiindia.gov.in
*Subject to condition.